According to LEDinside, the LED research division of TrendForce, European LED lighting market’s compound annual growth rate will hit 38% in the next five years, becoming another mature LED market besides Japan. In particular, the architectural lighting and commercial lighting markets are less price-sensitive, so they have higher acceptance of LED lighting, and therefore, LED’s penetration rate sees faster growth in both markets. According to LEDinside’s “2011-2015 European LED Lighting Market Report (2012 Version),” the global...